CNET Stock | | | USD 1.60 0.07 4.19% |
ZW Data financial indicator trend analysis is more than just analyzing ZW Data Action current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZW Data Action is a good investment. Please check the relationship between ZW Data Ptb Ratio and its Payout Ratio accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ZW Data Action. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Ptb Ratio vs Payout Ratio
Ptb Ratio vs Payout Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ZW Data Action Ptb Ratio account and
Payout Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ZW Data's Ptb Ratio and Payout Ratio is -0.18. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of ZW Data Action, assuming nothing else is changed. The correlation between historical values of ZW Data's Ptb Ratio and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of ZW Data Action are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Ptb Ratio i.e., ZW Data's Ptb Ratio and Payout Ratio go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Payout Ratio
Payout Ratio is the proportion of ZW Data Action earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of ZW Data Action dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating ZW Data Action is paying out more in dividends than it makes in net income.
Most indicators from ZW Data's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZW Data Action current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ZW Data Action. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, ZW Data's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.14 in 2024, whereas
Tax Provision is likely to drop (1.1
K) in 2024.
ZW Data fundamental ratios Correlations
Click cells to compare fundamentals
ZW Data Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ZW Data fundamental ratios Accounts
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Additional Tools for CNET Stock Analysis
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